THE RUPEE: steadier trend

Firmness prevailed on the money market on Saturday as the rupee managed to hold the overnight levels versus the dollar, dealers said.
OPEN MARKET RATES: The rupee retained overnight levels versus the dollar for buying and selling at Rs 102.60 and Rs 101.90 respectively. It rose by 20-paisa in terms of the euro for buying and selling at Rs 114.00 and Rs 115.00 respectively, they said.
At the week-end, the ongoing Greek debt talks left currency markets in tight ranges on Friday while policymakers traded barbs in Brussels over the latest proposal for working out a debt deal between Athens and its official-sector creditors.
The euro fell below $1.12 after Greek Prime Minister Alexis Tsipras went on the offensive, seemingly pushing back against the latest offer from the International Monetary Fund, European Union and the European Central Bank.

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Open Bid       Rs 102.60

Open Offer     Rs 102.90

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Open Market Rates: Open Market Rates For Dollar on Saturday.

RUPEE IN LAHORE: The Pak rupee maintain upward move and further appreciated by 10-paisa in relation to the greenback on the local currency market on Saturday.
According to the currency dealers, the dollar resumed trading at its day earlier closing of Rs 102.70 and Rs 102.95 as its buying and selling rate, respectively. However, in the absence of buyers' interest, the dollar failed to sustain and declined to Rs 102.60 and Rs 102.85 on buying and selling counter, respectively.
On the contrary, the rupee failed to continue rising trend and remained under pressure against the pound sterling.
The pound's buying and selling rates improved from the overnight closing of Rs 160.50 and Rs 160.75 to Rs 160.60 and Rs 160.85, respectively, the dealers added.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee-dollar parity remained unchanged at the open currency markets of Islamabad and Rawalpindi here on Saturday.
The dollar opened at Rs 101.75 (buying) and Rs 101.85 (selling) against same last rate. It did not observe further change in the second session and closed at Rs 101.75 (buying) and Rs 101.85 (selling).
Pound Sterling opened at Rs 155 (buying) and Rs 155.50 (selling) against same overnight value. It did not observe further change in the evening session and closed at Rs 155 (buying) and Rs 155.50 (selling).
Copyright Business Recorder, 2015